Franco-Nevada (TSE:FNV) Stock Gets Price Target Boost from Stifel Nicolaus

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price target upped by stock analysts at Stifel Nicolaus from C$390.00 to C$410.00 in a note issued to investors on Monday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 20.26% from the company’s current price.

Franco-Nevada Trading Down 1.0%

TSE FNV traded down C$3.60 on Monday, reaching C$340.94. 51,048 shares of the company were exchanged, compared to its average volume of 376,685. Franco-Nevada has a fifty-two week low of C$254.13 and a fifty-two week high of C$388.22. The business’s fifty day moving average price is C$354.47 and its 200 day moving average price is C$329.68. The stock has a market capitalization of C$65.76 billion, a P/E ratio of 44.57, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last released its quarterly earnings results on Tuesday, August 11th. The company reported C$2.57 EPS for the quarter. The firm had revenue of C$825.33 million for the quarter. Franco-Nevada had a net margin of 63.83% and a return on equity of 18.95%. Equities research analysts forecast that Franco-Nevada will post 3.11 earnings per share for the current year.

Insider Activity at Franco-Nevada

In other news, insider Sandip Rana sold 5,000 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of C$364.37, for a total value of C$1,821,850.00. Following the sale, the insider directly owned 60,274 shares in the company, valued at approximately C$21,962,037.38. This trade represents a 7.66% decrease in their position. Corporate insiders own 0.69% of the company’s stock.

Franco-Nevada Company Profile

Franco-Nevada Corp is a precious-metals-focused royalty and investment company. The company owns a diversified portfolio of precious metals and royalty streams, which is actively managed to generate the bulk of its revenue from gold, silver, and platinum. The company does not operate mines, develop projects, or conduct exploration. Franco-Nevada’s short-term financial performance is linked to the price of commodities and the amount of production from its portfolio of producing assets. Its long-term performance is affected by the availability of exploration and development capital.